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An interest rate is quoted as 8% per annum with semi-annual compounding. Calculate the continuously compounded equivalent rate. a. 7.70% b. 7.84% c. 8.16% d.
An interest rate is quoted as 8% per annum with semi-annual compounding. Calculate the continuously compounded equivalent rate.
a. 7.70%
b. 7.84%
c. 8.16%
d. 4.00%
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
12th Edition
1439044473, 978-1439044476
